Cryptocurrency Analysis and News Portal
According to a report by Bloomberg, crypto exchange Binance has announced that one of its fiat trading partners, Signature Bank, will no longer be processing transactions of less than $100,000 as the bank attempts to reduce its exposure to the cryptocurrency market. Binance said this is a broad action affecting all
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Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With Binance Sets $100,000 Transaction
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Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers.The service disruption will impact users of U.S Dollar-held bank accounts that are looking to buy or sell cryptocurrencies for less than $100,000 via the SWIFT payment system. The
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While existing users Casper Network and GameSwift have been enjoying unique offerings from their individual ecosystems, the partnership of both networks will offer additional value that will greatly improve their gaming experience.GameSwift, a Web3.0 gaming ecosystem and infrastructure service provider has announced it has entered into a strategic partnership with
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Solana Foundation, Ripple, and GBBC will work on finding ways of mitigating environmental risks as well as applying the best practices for climate-related crypto efforts in different sectors.Solana Foundation and Ripple Labs Inc have announced their partnership with the Global Blockchain Business Council (GBBC), the largest industry association for the blockchain technology and digital
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Wyre has assured the crypto community that it is ready to resume regular operations.Crypto payment platform Wyre has removed its withdrawal cap after securing additional funding from a strategic partner. Recall that a few days ago, Wyre imposed a 90% withdrawal limit on its users. The company also laid off
Read MoreNew Zealand-based financial services company Power Finance plans to launch what it’s calling a “world-first” digital version of the New Zealand dollar. Set to launch early next year, the digital currency will employ Distributed Ledger Technology.The ‘Power Dollar’ is not government backed however and is more akin to a stablecoin
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